According to IPPR, a think tank, for every £1,000 of gross value added, London is getting £81 of transport infrastructure spending.
The logistics market volume in Germany, for example, is around 223 million EUR (23%% of European market) and accounts for about 8%% of gross value added in Germany.
Accounting for 1.7m jobs, contributing 5% of gross value added (GVA) to UK GDP and exporting £17.3bn annually (9% of total service exports), the creative sector outperforms the rest of the UK economy in both growth and job creation.
By using sales and expenditure categories for the oral healthcare sector, the macroeconomic parameters of "gross value added" and "intermediate inputs" are derived from the Health Satellite Account.
Table 3 illustrates the variation of gross value added and numbers of workers for each layer of the oral healthcare sector in 2010.
Output per person in terms of gross value added is £22,092, compared with £42,666 in London.
In the more instructive measure of gross value added per hour worked in the market sector, annual growth reached 2.4%.
Following the recent Department for Culture, Media and Sport report that revealed the creative industries are worth £76.9bn in terms of gross value added, even the government is taking notice.
For this reason, the first calculation is that of a NUTS 3 unit economic sector percentage of gross value added of the member state's overall industrial gross value added.
A report released today from Octopus Group shows that high-growth small businesses (HGSBs) create 20percentnt of jobs and add 22percentnt of gross value added, driving increased productivity.
The report ranks 150 cities from across the globe according to growth in gross value added per person (a proxy for income) and employment.
